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    NUMND   NO0010907090

NORDIC UNMANNED AS

(NUMND)
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Nordic Unmanned : awarded frame agreement with Norwegian and Swedish Law Enforcement Agencies

10/22/2021 | 06:38am EST

Nordic Unmanned has received notification of award for a framework contract for supply of drones to the Norwegian Police, Swedish Police and Swedish Coast Guard. The scope of the framework contract covers supply of drones for indoor use.

Nordic Unmanned expects a revenue of minimum NOK 15 million over the duration of this contract, with the first and largest delivery expected in Q1 2022. The length of the contract is 2 years, with the possibility of a 1+1-year extension, making the total contract duration 4 years. The value of the contract is based on expected procurement volumes as stated in the Invitation to Tender. According to Norwegian public procurement regulations there is a 10-day grace period before signature.  

The award holds many firsts for Nordic Unmanned:

  • First framework agreement with Norwegian and Swedish Police
  • First supply of drones for indoor use
  • First sale of drones in Sweden

“Nordic Unmanned is excited to enter yet another vertical within the drone industry, now also adding drones for indoor use to our portfolio. The trust put in us by the Norwegian and Swedish Police, verifies Nordic Unmanned is a reputable provider of services to governmental agencies. Nordic Unmanned is also thrilled over the opportunity to establish a footprint in Sweden, ensuring presence in all Scandinavian countries.” Said Knut Roar Wiig, CEO of Nordic Unmanned. 

Disclosure regulation

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Contacts

  • Knut Roar Wiig, CEO, +47 92 66 66 59, krw@nordicunmanned.com
  • Trond Østerhus, CFO, Nordic Unmanned AS, +47 95 99 08 79, to@nordicunmanned.com

About Nordic Unmanned

Nordic Unmanned delivers comprehensive data solutions through industry leading expertise, to assist both public and private customers in the transition to unmanned technology. The focus is to support demanding clients by collecting time-critical data with the use of unmanned technology.

Founded in 2014, the company has offices in Sandnes, Oslo, and Frankfurt, and has quickly become one of Europe's leading providers of unmanned systems and services, with operations across the continent. The company is ISO 9001-2015 certified by DNV-GL for the operation, maintenance, sale, design, development and production of unmanned systems and sensor technology. and sensor technology.

For more information visit nordicunmanned.com

© NTB Norway, source NTB English Regulatory Releases

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Financials
Sales 2020 65,3 M 7,42 M 7,42 M
Net income 2020 2,47 M 0,28 M 0,28 M
Net cash 2020 27,9 M 3,17 M 3,17 M
P/E ratio 2020 256x
Yield 2020 -
Capitalization 807 M 91,6 M 91,6 M
EV / Sales 2019 -
EV / Sales 2020 9,28x
Nbr of Employees 122
Free-Float -
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Managers and Directors
Knut Roar Wiig Chief Executive Officer
Trond ěsterhus Chief Financial Officer
Nils Johan Holte Chairman
Steffan Lindso Chief Technology Officer
Lars A. Landsnes Chief Operating Officer
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